In today’s recent session, 7.97 million shares of the Applied Digital Corporation (NASDAQ:APLD) have been traded, and its beta is 5.97. Most recently the company’s share price was $7.28, and it changed around -$0.08 or -1.15% from the last close, which brings the market valuation of the company to $1.63B. APLD at last check was trading at a discount to its 52-week high of $12.48, offering almost -71.43% off that amount. The share price’s 52-week low was $3.01, which indicates that the recent value has risen by an impressive 58.65% since then. We note from Applied Digital Corporation’s average daily trading volume that its 10-day average is 44.94 million shares, with the 3-month average coming to 33.09 million.
Applied Digital Corporation stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 10 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 1 recommended APLD as a Hold, whereas 6 deemed it a Buy, and 0 rated it as Underweight.
Applied Digital Corporation (NASDAQ:APLD) trade information
Instantly APLD has been showing red trend so far today with a performance of -1.15% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 7.70 on recent trading dayincreased the stock’s daily price by 5.45%. The company’s shares are currently down -4.78% year-to-date, but still up 6.67% over the last five days. On the other hand, Applied Digital Corporation (NASDAQ:APLD) is 54.79% up in the 30-day period. We can see from the shorts that 62.63 million shares have been sold at a short interest cover period of 1.79 day(s).
The consensus price target as assigned by Wall Street analysts is $8.5, which translates to bulls needing to increase their stock price by 14.35% from its current value. Analyst projections state that APLD is forecast to be at a low of $7 and a high of $10.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -65.58%. Applied Digital Corporation earnings are expected to increase by 39.41% in 2025, but the outlook is positive 35.11% per year for the next five years.
APLD Dividends
Applied Digital Corporation’s next quarterly earnings report is expected to be released on 2025-Apr-13.
Applied Digital Corporation (NASDAQ:APLD)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 22.22% of Applied Digital Corporation shares, and 64.02% of them are in the hands of institutional investors. The stock currently has a share float of 82.31%. Applied Digital Corporation stock is held by 323.0 institutions, with HOOD RIVER CAPITAL MANAGEMENT LLC being the largest institutional investor. By 2024-06-30, it held 8.4132% of the shares, which is about 9.6 million shares worth $57.1 million.
OASIS MANAGEMENT CO LTD., with 6.2229% or 7.1 million shares worth $42.23 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Manager Directed Portfolios-Hood River Small-Cap Growth Fund and iShares Trust-iShares Russell 2000 ETF were the top two Mutual Funds as of Apr 30, 2025 . The former held 11.84 shares worth $86.77 million, making up 5.27% of all outstanding shares. On the other hand, iShares Trust-iShares Russell 2000 ETF held roughly 5.23 shares worth around $38.34 million, which represents about 2.33% of the total shares outstanding.
